Analysts React to Push
For a GM Alliance

Updated June 30, 2006 4:02 p.m. ET

Shares of General Motors rocketed on news billionaire investor Kirk Kerkorian is urging the struggling auto maker to "fully explore" joining an alliance between Renault S.A. and Nissan Motor Co. Some analysts reacted favorably to the news, but at least one finds little logic in such an alliance. GM stock surged $2.59, or 9.4%, to $30.03. (Analyst disclosures follow.)

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If GM management were to agree to such a partnership, we would view this as a major potential long-term positive for GM shareholders....